Virginia Marcellus Power Plant Now Online, Boosts Local NatGas Price

Marcellus Shale gas is now powering a Panda Power Funds electric generation plant supplying electricity for 778,000 homes in the Washington, DC metro area. Panda announced that its 778-megawatt “Stonewall” generating station in Loudoun County, Virginia is now online producing electricity for Northern Virginia/District of Columbia customers. MDN first had its eye on this project in November 2014 when we brought you the news that South Jersey Gas had won the contract to provide Marcellus Shale gas to the plant when built (see NJ Utility to Provide Marcellus Gas to Virginia Power Plant). South Jersey Gas is using the Dominion Transmission pipeline to get the gas there. Dominion upgraded their system last year in order to flow more gas to the project (see FERC OKs 6 Dominion Compressor Station Upgrades in PA, MD, VA). Incredibly, the Panda Stonewall project is estimated to contribute a mind-blowing $7.1 billion to the Virginia economy during its recent construction and the first 10 years of operation. No wonder communities love these natgas-fired electric plant projects! Since Stonewall going online, the spot price of natural gas traded at the nearby Dominion South trading hub has gone up 50% from prices of gas traded there a year earlier…

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